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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who started this subject	5/1/2001 9:38:27 PM
From: mmmary	Read Replies (1) of 12465

Brief history of ASTN I have been posting news and SEC items at astn. This is what I've basically been posting. It is all the truth. This is supposedly what I'm being sued about. I don't know for sure as I haven't seen any paperwork. Here's a brief history of ASTN The mob through first united did ASTN's ipo and boilerroomed and pump and dumped their shares. Out of the ipo gate the price shot up then went way down. sec.gov Fred Rittereiser was an investor in the IPO through Dover yet was planning the direction since 1993 he has stated. He decides to come on board as the CEO in 10/96 and decides to get rid of First United after the stock dumps yet he hires the managing director of First United Ivan Gothner as a director. After the share price dumps Fred Rittereiser CEO of ASTN then hires renown stock "promoter" Westergaard to "promote" ASTN shares. He does so fraudulently and is sued by the SEC. Westergaard was being investigated during the time of his astn promotion. sec.gov Fred then hires Continental Capital and Equity to "promote" the stock. He is also sued by the SEC for the same type of fraud. He is also involved with the mob. They have recently changed their name. mary.cc sec.gov vwap gets approval in the PA stock exchange. It is later found out that the chairman who approved of vwap had shares in astn. He resigns. thestreet.com ASTN makes lots of promises about their product vwap but doesn't deliver. All they get is approvals and nice press releases but little volume and no profits. ASTN continues to miss target ramp up dates. In the meantime Liquidnet launches a very similar product in a short amount of time and is able to do high volume yet vwap still cannot live up to expectations. liquidnet.com ASTN starts to run out of funds. They decide to do some deathspiral toxic convertible financing which their director Ivan Gothner arranges for a fee with infamous thomason/thompson/thomson Kernaghan out of Canada through Southridge Capital and an unknown entity thought to be in the Cayman Islands. Kernaghan and company are currently being sued by mobile p.e.t. and other entities for doing such deathspiral financing and shorting the stocks. Kernaghan's partner Valentine is also a director in an ASTN division. They also own quite a few astn shares/warrants through calp II investments through canada TK Holdings (their own company) out of Bermuda. biz.yahoo.com

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